AMAG Austria Metall AG has signed the Antwerp Declaration, adding its voice to over 1,000 energy-intensive companies in the basic materials sector who are urgently calling for a European Industrial Deal. This initiative aims to accomplish the climate transition while maintaining the competitive position of Europe’s industrial sector. 

• Higher aluminium price in Q2/2024 and broad positioning of the AMAG Group noticeably cushion subdued demand for aluminium rolled products from certain industries
• Revenue of EUR 707.7 million down on the prior year due to price and volume factors (H1/2023: EUR 796.4 million)
• EBITDA of EUR 95.3 million below the very strong first half of 2023 (EUR 117.8 million), but better than second half of 2023
• Net income after taxes of EUR 33.4 million (H1/2023: EUR 51.0 million)
• Cashflow from operating activities grows to EUR 75.7 million (H1/2023: EUR 68.0 million)
• Outlook for 2024: Improved earnings forecast of EUR 160 million to 
• EUR 180 million EBITDA, based on current assumptions regarding aluminium price, shipments and economic development